I put a Fib extension on the monthly, and this is what it shows. I guess it could be in play if the structure breaks on the M and BTC has a true bull run. Interesting huh?
Note
Just realized that the FIB tools don't work well on log charts, so the 1.618 FIB extension unadjusted for log is 29.7k...*29.7k is the correct target*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.